Recent macroeconomics data say for the USA economy’s recovery and in current conditions FRS will face difficulties while doing nothing. In fact, reduction of program QE-3 for 5-10 milliards dollars is included in prices and market participants are ready for such event, but if together with the reduction of assets’ repurchase program is decreased a target level of unemployment to the 5,5 % rate, this can be appreciated by markets, as this fact will postpone expectations of interest rates increase for almost 2 years.
In any case, by the program’s reduction for at least 10 milliards US dollars we will see a light short termed correction at all stock markets and strengthening of dollar's index against all currencies. Then we will watch reaction at the fixed income, if the growth rate of return on American bonds will be resumed with renewed vigour, this means, that investors perceived results of FRS session not in a positive way and we need to be ready for the correction on stock markets as well.
The US dollar rate through the eyes of professional Forex traders
Analysts of Broker Binary Options Optionova believe that a wave (C) / C -level H2 from the reference point 81.350 is completed.
Actual crosstab correction of this wave and (C) / C is with borders 81.350 and 80.180.
New reference point can be named level 80.18. Up from the reference point is formed the wave A / B with boundaries passing through 80.180 and 80.580 levels. Downwards haven’t broken the sloping channel (NC) with figures 79.020 / 79.650 and 80.036 pivot, which still may be possible to wave formation in (C).
To go up is necessary to form fractal- zigzag reversal (FZR).
Up goals in the Forex market are the following levels:
80,627=38%;
80,765=50% till this level is possible forming of 4th wave;
80,903=62%;
81,074=76% +NC with figures 81,485 and 81,350
For continuation of down tendency is necessary to form “dogs” of Elder of a new wave (C) down with pivot breakdown and the next formation of latent FZR.
